West Virginia legislation · 2026 Regular Session
West Virginia HB5678: To provide amendments to the Build WV Act
Status: Introduced, February 17, 2026
What the bill says
To amend and reenact §5B-2L-16 of the Code of West Virginia, 1931, as amended, relating to the Build WV Act; replacing the project cost with a cap on new tax credit liability; clarifying that the cost cap applies only to new project approvals; allowing credit for smaller projects in rural areas; requiring periodic review and adjustment to reflect demand and usage; and establishing a Build WV credit reserve fund, adjusted annually ARTICLE 2L. BUILD WV ACT. §5B-2L-16. Project application; evaluation standards; approval of projects. (a) Each eligible company or group of multiple party proj.
From the introduced text, February 17, 2026:
A BILL to amend and reenact §5B-2L-16 of the Code of West Virginia, 1931, as amended, relating to the Build WV Act; replacing the project cost with a cap on new tax credit liability; clarifying that the cost cap applies only to new project approvals; allowing credit for smaller projects in rural areas; requiring periodic review and adjustment to reflect demand and usage; and establishing a Build WV credit reserve fund, adjusted annually ARTICLE 2L. BUILD WV ACT. §5B-2L-16. Project application; evaluation standards; approval of projects. (a) Each eligible company or group of multiple party project participants that seeks certification of a proposed project as a certified BUILD WV project must shall file a written application for approval and certification of the project with the Department of Economic Development. (b) With respect to each eligible company or group of multiple party project participants making an application to the Department of Economic Development seeking certification of a proposed project as a certified BUILD WV project the Department of Economic Development shall make inquiries and request documentation, including a completed application, from the applicant that shall include the (2) Capital and other anticipated expenditures for the project and the sources of funding therefor; (3) The anticipated employment, revenues and expenses generated by the project; and (4) Anything else determined necessary by the …